Chahbahar Port is a gateway to golden opportunities: Gadkari
The Dollar Business Bureau The Minister for Shipping and Road Transport & Highways Nitin Gadkari, was on a two day visit to Tehran, representing the Indian Government at the inauguration and oath taking ceremony of Hassan Rouhani as the President of Iran for a second term, on 5th August, 2017. In an interaction with Rouhani, Gadkari held wide ranging discussions on many issues including India’s cooperation in the development of Chabahar Port and proposed rail link between Chabahar & Zahedan. In the meetings, both sides positively assessed the progress in implementation of the decisions taken during the Indian Prime Minister’s visit to Iran last year, including the progress of Chabahar Port. Both sides reiterated their commitment to complete and operationalize the ...
Japan lays strong emphasis on strengthening trade ties with India
The Dollar Business Bureau Japan on Thursday laid strong emphasis on varied avenues of the bilateral trade between India and Japan. “The two Prime Ministers resolved to transform the Japan-India Special Strategic and Global Partnership into a deep, broad-based and action-oriented one reflecting a broad convergence of their long-term political, economic and strategic goals,” said Masayuki Taga, Consul General of Japan in Kolkata. “This has indicated a broad convergence of long standing economic, political and strategic objectives between the two nations,” Taga said while addressing a session, organised by the Calcutta Chamber of Commerce. The Diplomat said that this is evident that the relations between Japan and India have significantly improved and strengthened in almost all the fields. Due to this, Japan has now ...
NITI to merge 15-yr vision document, 7-yr strategy paper
The Dollar Business Bureau NITI Aayog, the Government think-tank, has decided to combine the 15-year vision document with 7-year medium-term strategy paper to bring out a comprehensive roadmap to accelerate the economic growth. “We are thinking of having a brief chapter regarding the vision in the 7-year strategy paper which will be a bulky document outlining the action plan for expediting growth. The vision document will be aspirational, about the kind of country we want to build...The kind of society we want to be in. It will be a kind of vision for the future,” Arvind Panagariya, Vice-Chairman, NITI Aayog told the media. Panagariya said that the Aayog has got reactions from around 10 states on the 3-year action agenda draft and will conclude it within 2 weeks. Earlier, the Government think thank had ...
USIBC requests Trump to invite Modi for a state visit
The Dollar Business Bureau The US India Business Council (USIBC) has written a letter to the President-elect Donald Trump suggesting him to extend an invitation to the Indian Prime Minister Narendra Modi to visit the country for consolidating bilateral ties in the first year of assuming office. This has been conveyed in the list prepared by the top American business advocacy which highlighted the primary things that the 45th President of the US should take up to enhance commerce with India. According to USIBC president Mukesh Aghi, Trump should focus on carrying out frequent government-to-government interactions with India as has been the tradition in the last many years. It should be followed by negotiating the bilateral investment treaty with the country and extending support ...
Skill development high on agenda in Indo-German cooperation
The Dollar Business Bureau India looks forward for the cooperation of Germany in its new journey of ‘Make in India’, for economic development and employment. This was the statement of the Indian Prime Minister, Narendra Modi, to media, during a joint press statement with the German Chancellor Angela Merkel, at Berlin on Tuesday. Addressing the media, Narendra Modi said that the Government of India will establish a mechanism for the German companies to facilitate their businesses and investments in India. Referring to the Make in India’s goal towards skill development in the country, the Prime Minister expressed India’s willingness to pursue a skill development programme with Germany by strengthening industry involvement in skill development. Similarly, we intend to further ...
India committed to providing stable tax regime: PM
The Dollar Business Bureau The Prime Minister of India, Narendra Modi, on April 12, 2015, said that the Indian Government is building a tax regime that is predictable, stable and competitive. Wooing the global participants at the inaugural session of Hannover Messe 2015, Narendra Modi reiterated India’s commitment towards providing a stable economic environment for the investors. “Germany is a valued partner and an enduring symbol of technology, innovation, quality and productivity,” said Modi and sought Germany’s partnership in opening up India’s economic potential. Stating that India is also ready to embrace the world, Modi said that the Indian industry would transform into a manufacturing hub for the world and an engine for employment at home. For this purpose, ...
India mulls defence equipment exports to engage with IOR nations
The Dollar Business Bureau In a move to overcome the supposed trade-related challenges in the Indian Ocean, India sought a common naval platform in Indian Ocean Region (IOR), with a stronger cooperation from the Indian Ocean countries. The Union Defence Minister, Manohar Parrikar, stressed on need for a ‘common naval platform’ for India and IOR countries, while speaking at the closing ceremony of an international conference on 'India & the Indian Ocean: Renewing the Maritime Trade & Civilizational Linkages'. The Minister called upon the Institute of Social and Cultural Studies (ISCS) and Research & Information System for Developing Countries (RIS), joint organizers of the conference, to make a note of ‘creating a common navy platform for Indian Ocean countries,’ which ...